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Hello everyone.
So, after a few tumultuous months it appears a little bit of normality has returned i.e. no news from the BOD and no response to communications from investors.
You really would think that given the debacle of the last six months, they would be keen to engage with shareholders to add assurances of the short term well being of the company, and as a minimum let us know when they anticipate RF to have forked off never to darken our doorstep again. Maybe even an apology would be in order. Hey ho I guess leopards never change their spots. !!
Given H1 2024 is now rapidly winding down we should remind them that there are commitments they have made to release news in this half year. I truly hope they don't disappoint us and the markets with further slipages of their self announced deadlines. Nice weekend all. Andy.
Hello everyone. Nice to see the tide turning. For those who bought at 10p don’t forget to take out your profit/initial investment and be on a significant free carry. We all know the history of Sar. 😊👍. Gla. Andy.
Laz. I’m completely with you that now is not the time to change any of the Directors or Neds.
But it is however time for them to up their game. They seem to stumble from one bad decision to the next bad decision. All people are asking for is the management to aspire to their titles and “Direct “ the company rather than continually being victims of circumstances of their own creation and shareholders having to suffer the consequences.
FFS Mitchell and Parker step up to the plate and start earning your lavish salaries and benefits. NOW!!
If the wrap had been open to all institutions it would’ve been massively over subscribed. I got a letter from HSBC yesterday advising me of the offer. Two days after the deadline. !! So many PI’s were forced to buy on the open market and most likely bought RF shares they were off loading. I would have much preferred to buy via the wrap and the proceeds go to Sar rather than those hunts at RF. !! So in reality the BOD even made a balls up of the fund raise. Will they ever learn. ☹️. Gla. Andy.
Just to add I’ve added plenty of shares over the last week as even a crash test dummy couldn’t fail to make money by buying at 10p. 😀👍
Hello all. Interesting that the late trade yesterday of 1.475M shares is roughly half of what was issued to RF 2.9M shares. If it was them selling half of the new shares issued it won’t take long to hack through the last 1.5M unless of course RF were party to the placing. ??!! In which case they may be sat on many millions more sad as it to say. One thing is for sure is our Bod made an almighty balls up when they took on RF rather than looking to faithful shareholders. Will they have learned a lesson?? Hopefully, but they seem to have a penchant for poor decision making and governance throughout history. It really needs a hard faced business person to see this through with TM given terrarium leave, as couldn’t see him having the skills for garden leave. !!
Hey ho, let’s hope for the best as even a blind squirrel can find the occasional nut. 🤣🤣. Gla. Andy.
Given the near disaster of the recent policies / business decisions of the BOD it’s maybe time for us shareholders to have a voice as to the future direction of the company. The recent self harming of the BOD can’t continue. Dialogue is already underway as to how we construct a proactive shareholder group to be properly represented. Don’t get me wrong we’re not seeking to instigate an insurrection as be careful what you wish for but to simply ensure the best interests of shareholders and investors are represented. More to come after judging what the Bod choose to do with the newly raised funds. Let’s see if they make some good decisions. The first of which is to sack off Riverfort and Peel Hunt. ?? Andy. 😊
Hello SOG and all.
Just read all the shenanigans with RF and it looks to me as though they made a loan to a company, pushed them into a position of weakness, and then acquired them for a song. This could well have been the plan with what they attempted to do with us. Nice try but no cigar!! However the BOD have got to now cut all ties with Riverfort as soon as possible and if it means using the WRAP funds to do so then do it. It just shows what a bunch of $cum bags RF are and the regulators should really make an example of these charlatans if they have any intentions of instilling some credibility into the failed AIM market.
However, my real concern is that our muppet management team almost fell for it. !! Gla. Andy.
Morning everyone. Interesting that at the bottom of today’s RNS Peel Hunt are not listed. Maybe we’ve finally told them to do one after all the damage they’ve inflicted upon the company?? Gla. Andy. 😊
Hello SOG. I enjoy your posts but have you maybe considered making them a little more succinct?? I sometimes have to shave twice between starting and finishing reading them. 🤣
Forgot to say. P.u.P.. ⚽️🏆👍
Hello W4. I feel your pain. I’m a Portsmouth season ticket holder and go to most away games. When leaving Peterborough stadium two weeks ago (won1-0) leather soled shoes and wet stairs saw me go down six or eight of them. Got a lump on my hip / leg bigger than Katie Price’s left t!t. Was able to walk so refused a+e as couldn’t confront a day waiting to be seen. 😩. Hope you get out the hospital soon as for sure you’ll come out with more than you went in with.
On a separate note I think anyone buying at current prices is sure to make money. People always asked how LTH’s made money in the past. Simples. Buy when Sar are on their @r$e and then be patient. But make sure to take the profits when they’re there. Gla. Andy. 😀
Hello everyone.
Just a brief update on today's events. First of all many thanks for what appears undoubted support for our initiatives based upon recent postings from many contributors on this BB.
We met at Sars offices as planned at 11.30 am and as suspected the offices are quite moderate and are clearly a satellite office rather than a working one. We already knew Sar operate an outsourced model so no real surprise there, also nobody was present .
PCS and I, now having retired to the local hostelry, were met by two other long term shareholders to consider / discuss the past, current, and future of how we perceive Sareum as a company, its management, and recent performance.
We all came away feeling enlightened and energised that we were all able to table our collective views and the what ifs.
We've agreed to go away and synthesize our discussions before considering what next.
However we've determined it's essential that we meet again very soon so as to hopefully be on the front foot rather than the back one as is currently the case. Nice evening all . PCS+ATMKD.
Yep we’re there now. 👍. Any else is welcome to join us. 😊
Hello all. We’ll report back on our findings. 😊
Lazarus, the visit is not to meet anybody unless of course someone is there, it’s more to appertain if the offices are a legitimate place of work or just another white elephant we’re paying for. It’s also an opportunity to speak to another long term holder as to the current events and potential outcomes. 👍
Hello Preyno. Yep feel free to join us. 11-30 am Thursday morning at Sar offices then a bit of lunch and a beer after. 😊👍
Hi Paul. See you at Sar offices 11-30am Thursday as planned. 👍
Hello Preyno. Hopefully it’s a bit early to start circling the wagons but should events take a further turn from for the worse beyond the current unimaginable fork up then I and I’m sure others will start the rallying cry. As you can see I’m meeting another long term holder Thursday to discuss the what if’s. Others are welcome to join us Thursday if you are in the locale. 😊👍
Hi Paul.
Thought it might be nice to drop in on SAR towers Pampisford either before or after we meet up Thursday so maybe a pub close by. You can chose and we’ll meet at the bar. Red rose in the lapel. 🤣🤣.
Would be nice to see if any of our erstwhile directors do fook all during the day. Maybe they’ll have a pot of coffee on to welcome us. 🤔🤣
Hello Paul. You still okay for Thursday?? I can’t do tomorrow. Let me know and where to meet up. 👍👍